Milk Market Integration between Poland and the EU Countries

Monika Roman and Michał Roman
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Monika Roman: Institute of Economics and Finance, Warsaw University of Life Sciences, 02-787 Warsaw, Poland
Michał Roman: Institute of Economics and Finance, Warsaw University of Life Sciences, 02-787 Warsaw, Poland

Agriculture, 2020, vol. 10, issue 11, 1-17

Abstract: Milk is one of the most essential agricultural products in the EU. One of the major milk producers in the EU is Poland. Polish farmers account for supplying 8% of the total EU production. Nevertheless, Polish milk prices differ from the prices recorded in its western neighbors. The aim of the article has been to evaluate the dynamics of the relationships between milk prices in Poland and in the EU countries. To develop it, the monthly raw milk prices, covering the period January 2005 through December 2018, were applied. The calculations were made for the entire selected period as well as for two sub-periods: 2005–2011 and 2012–2018. The results were used to confirm the milk market integration between Poland and the EU countries. Besides, it must be noted that the relations increased considerably since 2012. The EU countries which have recorded the greatest impact on the prices in Poland are Germany, Ireland, France and Slovakia.

Keywords: milk market; Poland; EU; market integration; price volatility; VAR model (search for similar items in EconPapers)
JEL-codes: Q1 Q10 Q11 Q12 Q13 Q14 Q15 Q16 Q17 Q18 (search for similar items in EconPapers)
Date: 2020
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (6)

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